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BHPH · lenders · repossession costs

What a skip costs you.

Your numbers, our arithmetic. No recovery rates, no industry averages.

Your lot

Assumes 21 days to locate a skipped car, $450 recovery per car, $15 per missing day; with a live position, 60% recovered in 1 day. Change

The with-position share is prefilled to match today so nothing is assumed; the one day is the example.

Prefilled as an example — replace with your numbers.

A skip is costing you about $3,059.

That is $110,124 a year, $76 per unit on the street per month. Knowing costs $1.48.

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How this is worked out
CostYour arithmeticAmount
Charge-offs Skips per month × 12 × (1 − share recovered) = 14.4 charge-offs; × average balance $93,600/yr
Recovery Skips per month × 12 × share recovered × recovery cost per car $9,720/yr
Missing days Skips per month × 12 × share recovered × days to locate × cost per missing day $6,804/yr

Cost per skip is the yearly total ÷ skips per year; per unit per month is the yearly total ÷ units ÷ 12.

With a live position, your call (the share and days in the assumptions): $103,644 a year — $6,480 less.

Knowing is the $89 hardwired unit with 5 years of service included ÷ 60 months = $1.48 per unit per month.